The Angel Next Door Episode 9 - Brian Scott talks Crowdfunding
In this week's episode we are talking all about crowdfunding! Marcia Dawood sits down with CEO of PittMoss, Brian Scott as he tells us the ins and outs of this newer way of raising capital.
"Angel investing for me was that chance to hit a homerun, to find the next Google, Amazon or Tesla." - Brian Scott
Brian Scott got his start as an investor through the Blue Tree Allied Angels, founded by Catherine Mott, Venture Capitalist and former chair of the ACA board.
Brian fell in love with the process of screening and working with entrepreneurs. One day he saw the founder of PittMoss, Mont Handley, pitch and immediately connected with their mission. He soon went from angel investor to CEO of PittMoss.
PittMoss manufactures soilless potting mixes from organic, recycled paper and is currently disrupting the soil economy as a much safer potting soil for the environment. You may have seen them featured on SharkTank as they received an investment from Mark Cuban.
Since taking over as the CEO Brian has raised 4 million in funding for the company through Angel groups and equity crowdfunding platforms.
Everything changed in 2016 when the SEC allowed for Regulation Crowdfunding (Reg CF), this is the practice of funding a project or venture by raising smaller amounts of money from a large number of people. Platforms such as Republic, allowed Brian and his team to go out to their biggest fans and provide them an outlet to invest in their company.
Listen to the full episode as Brian shares the process of crowdfunding for PittMoss, the type of transparency it takes to be on such platforms, and how crowdfunding is currently disrupting the angel investor world.
Click Here to read Marcia's profile on LinkedIn
Click Here to read Brian’s profile on Linkedin
Click Here to learn more about PittMoss
Learn more about investing through Republic
Learn more about SEC Regulation Crowdfunding
Click Here to read Beth Zimmer’s profile on Linkedin
Click Here to read Catherine Mott’s profile on Linkedin
Click Here to read Mont Handley’s profile on Linkedin
Email Brian Scott - Brian@pittmoss.com
Click here to find out more about the Angel Capital Association
Take courses to learn how to be an angel investor at Angel University - click here for info!
Want to reach the Angel Capital Association? CLICK HERE
Have ideas for the show? Email us at theacaangelnextdoorpodcast@gmail.com